Triangle Breakout is expected in REDINGTON.Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
FLAT
A flat correction is taking place in IFCI. a Turn around stockElliott Wave Analysis:-
View 1:-
A fall was completed an impulse 1st wave seems to be completed and an correction 2nd wave seems to the impulse was taking place.
If the high 18.85 was not broken then the previous low 8.50 have to break and we can accumulate around 5-7. which will be a safe bet. It has 70% govt holdings. only reason to touch this chart. if this was going to form a impulse then we may accumulate in every fall. but it seems to be an Penny stock kindly keep this for resarch purpose or kindly consult your financial advisor before taking this trade.
I'm not a SEBI registered advisor.
Further details will be added in comments .
Banknifty intraday chart analysis Banknifty price move upside flat correction see some rule
Rule 1: Wave A should be a 3 wave structure.
Rule 2: Wave B should be greater than 61.8%of Wave A.
Rule 3: Wave C is greater than 38.2% of Wave A. ...
Pattern: The type of pattern will show alteration in Wave A and wave B.
Elliott Wave Analysis : Maruti Suzuki weekly TimeFrameAfter Double Zigzag, new Impulse Phrase has started and 4th wave of Primary degree is forming,
as we all know that corrective 4th is the accelerator of 5th wave . so , if we will find the ending point of wave 4 we can ride on the 5th impulse.
Competition of Fifth wave will also provide us the ending point of 1st wave higher degree.
Part 2 : ABC Correction on Reliance industries howdy Traders ,
you can clearly see that FIVE wave impulsive phrase Has just completed and we are at corrective Phrase.
wave A is impulse and when we are focusing on subwaves so 4th subways is ready to be completed !!!
if we want to make money we will focus on 5th impulsive subwave.
if wave A will finsihed only with 3 wave pattern so we will go for 3-3-5 wave pattern which is Flat !!
Gann AnalysisMonday's scenario -
Flat > It has breached 8/1 Gann level which will act as support and the target could be 1/4 level which will act as resistance.
Gap-up > It could face resistance at 1/4 Gann level and come down.
Gap-down > It may lead to fall upto 1/8 level hence after that we may see a quick reversal.